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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities      
Net loss $ (176,091) $ (287,917) $ (561,919)
Less: Net income (loss) from discontinued operations, net of tax 1,687 5,185 (136,874)
Net loss from continuing operations (177,778) (293,102) (425,045)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 38,548 36,496 36,731
Stock-based compensation 42,510 51,215 52,454
Impairment of other assets 3,813 0 0
Gain on extinguishment of debt (29,513) (1,607) 0
Amortization of debt (premium) discount, net (1,224) 2,574 2,476
Deferred income tax provision (benefit) 218 (995) (1,666)
Change in fair value of warrant liabilities 0 0 1,701
Amortization of right-of-use assets 3,988 3,126 3,078
Other adjustments 700 695 1,155
Changes in operating assets and liabilities of business, net of acquisitions:      
Accounts receivable, net 9,034 (36,200) (9,778)
Prepaid expenses and other assets 7,649 (14,498) (950)
Prepaid sports rights 15,389 (1,525) (34,384)
Accounts payable (5,748) 6,635 12,014
Accrued expenses and other liabilities 13,639 52,180 50,116
Deferred revenue 8,348 24,774 21,102
Lease liabilities (5,200) (2,813) 1,210
Net cash used in operating activities - continuing operations (75,627) (173,045) (289,786)
Net cash used in operating activities - discontinued operations (3,851) (4,577) (26,915)
Net cash used in operating activities (79,478) (177,622) (316,701)
Cash flows from investing activities      
Purchases of short-term investments 0 0 (100,000)
Proceeds from maturity of short-term investments 0 0 100,000
Purchases of property and equipment (2,727) (1,071) (1,130)
Proceeds from sale of property and equipment 0 28 0
Capitalization of internal use software (11,468) (17,282) (4,857)
Purchase of intangible assets (1,640) (3,592) 0
Purchase of strategic investment 0 (3,500) 0
Net cash used in investing activities - continuing operations (15,835) (25,417) (5,987)
Net cash used in investing activities - discontinued operations 0 0 (6,436)
Net cash used in investing activities (15,835) (25,417) (12,423)
Cash flows from financing activities      
Proceeds from the issuance of common stock, net of offering costs 43,296 116,886 292,123
Redemption of non-controlling interest 0 (2,147) 0
Repurchase of convertible notes (26,557) (3,313) 0
Vested restricted stock units settled for cash (181) (125) 0
Payments for financing costs (4,682) 0 0
Proceeds from exercise of stock options 3 373 829
Proceeds from the exercise of warrants 0 0 5,000
Repayments of notes payable and long-term borrowings (414) (441) (1,682)
Net cash provided by financing activities - continuing operations 11,465 111,233 296,270
Net cash provided by financing activities - discontinued operations 0 0 0
Net cash provided by financing activities 11,465 111,233 296,270
Net decrease in cash, cash equivalents and restricted cash (83,848) (91,806) (32,854)
Cash, cash equivalents and restricted cash at beginning of period 251,420 343,226 376,080
Cash, cash equivalents and restricted cash at end of period 167,572 251,420 343,226
Supplemental disclosure of cash flows information:      
Interest paid 14,940 13,169 13,786
Income tax paid 251 258 0
Non cash financing and investing activities:      
Reclassification of the equity components of the 2026 Convertible Notes to liability upon adoption of ASU 2020-06 0 0 75,264
Strategic investment - marketing commitment 0 4,000 0
Cashless exercise of warrants 0 0 5,249
Unpaid intangible assets included in accounts payable 50 540 0
Unpaid financing costs included in accounts payable 0 15 18
Unpaid property and equipment included in accounts payable $ 0 $ 12 $ 0